Legally Single Family or Duplex?

[Ryan Copeland]

Fellow Investors,

I have a property that I purchased last year that is a 2-unit home. It was sold as a single-family home and listed on tax records as a single family home. The home does has 2 kitchens and both "units" are adjoined by a breezeway.

I have been proceeding as a duplex and have been fine with that until my appraisal came back low. The SF homes in that area are going for around $200k and my appraisal as a duplex came back at $145k and I have more than that in it with more still to spend.

The property is 2040 sq feet total. So each side is over 1,000 sq ft. I want to re-do my loan as a single family home to get a higher appraisal.

The property is 2040 sq feet total. So each7 side is over 1,000 sq ft. I want to re-do my loan as a single family home to get a higher appraisal.t was just one. My plan was to BRRRR this property. I'm going through the cash-out refi now, but at 70% LTV on a $145k appraisal is making me leave about $70k in the property.

Looking for experienced feedback in this situation.

YouTube Videos of property: https://youtube.com/playlist?l...